AltaCorp Captial Maintains Their Buy Rating on Stantec (STN)

By Carrie Williams

AltaCorp Captial analyst Chris Murray maintained a Buy rating on Stantec (STNResearch Report) today and set a price target of C$46.00. The company’s shares closed last Monday at $26.34, close to its 52-week high of $26.79.

Murray has an average return of 2.1% when recommending Stantec.

According to TipRanks.com, Murray is ranked #616 out of 5600 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stantec with a $29.15 average price target, representing a 16.6% upside. In a report released yesterday, CIBC also upgraded the stock to Buy.

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The company has a one-year high of $26.79 and a one-year low of $20.22. Currently, Stantec has an average volume of 28.54K.

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Stantec, Inc. engages in general design and architectural solutions. It specializes in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, construction services, project management, and project economics, from initial project concept and planning through to design, construction, commissioning, maintenance, decommissioning, and remediation. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers e-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. The Energy and Resources segment is involved in industrial engineering, project management, and construction management services primarily for private sector clients. The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. The Water segment is responsible for design and engineering and construction management services in water projects. The company was founded in 1954 and is headquartered in Edmonton, Canada.